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Corporate Finance

Company insolvencies rise 16% in March

It comes as the numbers of compulsory liquidations have increased from historical lows seen during the coronavirus pandemic, partly as a result of an increase in winding-up petitions presented by HMRC

The number of registered company insolvencies in March 2023 was 2,457, 16% higher than in the same month in the previous year (2,120 in March 2022), according to the latest figures released by the Insolvency Service.

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